--%>

Profit Maximization-Labor

Can someone help me in finding out the right answer from the given options. All the profit maximizing organizations employ labor up to the point where: (w) MR   MC is maximized. (x) VMP = MFC. (y) VMP = MRP. (z) MRP = MFC.

   Related Questions in Microeconomics

  • Q : Utilitarianism-Peoples happiness The

    The social goal of providing the biggest happiness to the most people is intent to practice the: (i) Precautionary discretion. (ii) Classical theory. (iii) Utilitarianism. (iv) Speculative balances. (v) Arbitrage. Can someone pleas

  • Q : Relative price of the good The demand

    The demand curve depicts a negative relationship among price and quantity demanded since the quantity demanded rises if there is a decline in the: (1) Size of the family. (2) Incomes of the consumer. (3) Relative price of good. (4) Price of the substitute good. <

  • Q : Buying and selling cost in monetary

    Additionally to monetary prices, there the costs of buying and selling comprise: (w) wage payments. (x) monopoly profits. (y) transaction costs. (z) social benefits. How can I solve my economics pr

  • Q : Example of Signaling As interviewing

    As interviewing for the job as a bill collector for loan shark, Bob states his degree in the martial arts from Hard Knox Reformatory, his summer internship by BreakUrLegs, Inc., and his family connections. Bob’s casual discussion of such credentials is an illust

  • Q : Competitive market Select the right

    Select the right answer of the question. A competitive market will: A) achieve an equilibrium price. B) produce shortages. C) produce surpluses. D) create disorder.

  • Q : Long-term effects of the Baby Boom What

    What will be the long-term effects of the Baby Boom?

  • Q : Define deficient demand or deflationary

    Define deficient demand or deflationary gap: Deficient demand occur whenever AD is less than AS at the level of full employment equilibrium

  • Q : Automation and Wage Rates When physical

    When physical capital becomes cheaper, in that case: (w) some workers may be displaced but worker productivity usually rises. (x) automation will make jobs for more workers. (y) workers will supply more labor services. (z) labor supply curves will move in backward ben

  • Q : Characterized purely competitive firm

    For a purely competitive firm long run equilibrium is characterized by: (w) P > MR > MC > ATC. (x) P = MR = MC = minimum LRAC. (y) maximum MC - MR. (z) minimum TR + TC. Can anybody suggest me the proper ex

  • Q : Net revenues problem When your firm

    When your firm generates ski boats, your net revenues from selling given numbers of ski boats would be influenced least by: (1) Raised prices for jet skis. (2) Pay hikes for dock-workers. (3) Government increasing fees for boat licenses. (4) Vacatione